The program is broken down in to different areas, with the allocated funds being spread among different areas of focus.

A look at Flint's demographics:

Around $22 million will go towards small business loans, $2 million to mortgage financing and the other $1 million towards helping rebuild and strengthen businesses that suffered as a result of the water crisis.

The initiative will also include the founding of the Flint Youth Financial Entrepreneurship Program, which will teach teens and children about the importance of money management, financial awareness and entrepreneurship.

"I am really proud of Huntington for stepping up in such a substantial way and joining us in this cause. This is exactly the kind of private sector partnership we envisioned when we launched FlintNOW. The government is responsible for fixing the water supply in Flint, but we're all responsible for fixing the community."

Here's to hoping this funding will be exactly what this Michigan city needs to get back on its feet.

RELATED: A look at social media responses to the Flint Water Crisis

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The Detroit Pistons and a local bank are teaming up to donate $25M to the city of Flint

This is drinking water in Flint MI . This is what's it's doing to the children and ppl of the city 💔 #PrayforFlint https://t.co/hub6YKH0lb

#FlintWaterCrisis was obvious a year ago to everyone (except @onetoughnerd) @seraphinegarre @Asha_Suzanne https://t.co/zrgxc6vQBh

How an Unelected Official Contaminated Flint's Water to Save Money https://t.co/3BhtUYred9 #flintwatercrisis https://t.co/ewDvCP41sS

Sincere Smith, 2, has to be bathed with heated bottled water because of the water contamination in Flint. It is causing his skin to break out. Photo by @reginahboone, @detroitfreepress #flintwatercrisis #Michigan #childrenofflint

Julius Austin of the Change Agent Consortium holds a #Flint resident's bottle of #flintwater while occupying the lobby of the George W. Romney State Office Building with Flint and Detroit residents while protesting against Governor #ricksnyder for his role in the #flintwatercrisis